8-K

                        SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON, D.C. 20549

                                   FORM 8-K

                                 CURRENT REPORT

                        Pursuant to Section 13 or 15(d) of
                        The Securities Exchange Act of 1934

                                October 15, 2010
                                (Date of Report)


                            ALANCO TECHNOLOGIES, INC.
             (Exact name of Registrant as specified in its charter)

                                    0-9437
                            (Commission File No.)

               Arizona                                  86-0220694
      (State or other jurisdiction)         ( IRS Employer Identification No.)

               15575 N 83RD WAY, SUITE 3, SCOTTSDALE, ARIZONA 85260
              (Address of Principal Executive Office)      (Zip Code)

                                  (480)607-1010
              (Registrant's telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):

( ) Written communication pursuant to Rule 425 under the Securities Act
     (17 CFR 230.425)

( ) Soliciting material pursuant to Rule 14a-12 under the Exchange Act
    (17 CRF 240.14a-12)

( ) Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
     Act (17 CFR 240.14d-2(b))

( ) Pre-commencement communications pursuant to Rule 13e-4 ( c) under the
    Exchange Act (17 CFR 240.134-4(c))

Item 2.02 Results of Operations and Financial Condition

On October 14, 2010 Alanco Technologies,Inc. issued a press release announcing
estimated revenues of $3.7 million for its first fiscal quarter ended
September 30, 2010.

A copy of the press release is attached hereto as Exhibit 99.1.

This information shall not be deemed to be "filed" for purposes of Section 18
of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or
otherwise subject to the liabililties of that Section, and is not incorporated
by reference in any filing under the Securities Act of 1933, as amended, or the
Exchange Act, except as expressly set forth by specific reference in such
filing.

Item 9.01  Financial Statements and Exhibits

Exhibits:

99.1  Press release dated October 14, 2010, titled "Alanco/StarTrak
      Announces FY First Quarter Sales Up 25%"

                                    SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.

Date: October 15, 2010                ALANCO TECHNOLOGIES, INC.
                                        By: /s/ John A. Carlson
                                            -------------------
                                        Chief Financial Officer

EX-99

Exhibit 99.1


FOR IMMEDIATE RELEASE
CONTACTS:  Corporate Contact:             Investor Relations Contact:
           John Carlson, Exec VP & CFO    John Nesbett / Jennifer Belodeau
           480-505-4869                   Institutional Marketing Services (IMS)
                                          203-972-9200


                          Alanco/StarTrak Announces
                        FY First Quarter Sales Up 25%


(Scottsdale,  AZ  October  14,  2010)  Alanco Technologies, Inc. (NASDAQ: ALAN),
today announced preliminary unaudited sales results for its fiscal first quarter
ended  September  30,  2010.  StarTrak  Systems,  the  Companys  sole  operating
subsidiary  following the recent divestiture of underperforming assets, reported
first quarter sales totaling approximately $3.7 million, a 25% increase compared
to  the  prior  year first quarter results. During the first quarter the Company
reported  adding  a  record  24  new  accounts in diverse refrigerated transport
market  segments  including: truckload, intermodal, food service, private fleet,
life  sciences  and  international  refrigeration  applications.

Tom Robinson, StarTrak Executive Vice President commented, The record number and
diversity  of  our  24  first  quarter account additions demonstrate the growing
adoption  of  StarTraks  information  technology  services  throughout  the
refrigerated  transport  market. The first quarters sales were about 10-15% less
than  anticipated  due  to  an  industry-wide  shortage  of  certain  electronic
components  which  delayed  shipment of a portion of our hardware backlog to the
second  quarter.  With  our  existing  strong  backlog,  and  assuming  modest
improvement  in  electronic  component  availability,  we  anticipate  sales  to
increase  approximately  30%  for  the  fiscal  second  quarter.

Alanco  Technologies,  Inc.  provides  wireless  monitoring and asset management
solutions  through  its  StarTrak  Systems  subsidiary.  StarTrak Systems is the
dominant  provider  of  tracking,  monitoring  and  control  services  to  the
refrigerated  or  Reefer  segment  of  the  transportation marketplace, enabling
customers  to  increase  efficiency  and reduce costs of the refrigerated supply
chain.  For  more  information,  visit  the  Alanco website at www.alanco.com or
StarTrak  Systems  at  www.startrak.com.

EXCEPT  FOR  HISTORICAL  INFORMATION,  THE  STATEMENTS  CONTAINED  IN THIS PRESS
RELEASE  ARE  FORWARD-LOOKING  STATEMENTS  MADE  PURSUANT  TO  THE  SAFE  HARBOR
PROVISIONS  OF  THE  PRIVATE  SECURITIES LITIGATION REFORM ACT OF 1995. ALL SUCH
FORWARD-LOOKING  STATEMENTS  ARE  SUBJECT  TO,  AND  ARE QUALIFIED BY, RISKS AND
UNCERTAINTIES  THAT  COULD  CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM THOSE
EXPRESSED OR IMPLIED BY THOSE STATEMENTS. THESE RISKS AND UNCERTAINTIES INCLUDE,
BUT  ARE  NOT  LIMITED  TO, REDUCED DEMAND FOR INFORMATION TECHNOLOGY EQUIPMENT;
COMPETITIVE  PRICING  AND  DIFFICULTY MANAGING PRODUCT COSTS; DEVELOPMENT OF NEW
TECHNOLOGIES  THAT  MAKE THE COMPANYS PRODUCTS OBSOLETE; RAPID INDUSTRY CHANGES;
FAILURE  OF AN ACQUIRED BUSINESS TO FURTHER THE COMPANYS STRATEGIES; THE ABILITY
TO  MAINTAIN  SATISFACTORY  RELATIONSHIPS  WITH LENDERS AND REMAIN IN COMPLIANCE
WITH  FINANCIAL  LOAN  COVENANTS  AND  OTHER  REQUIREMENTS UNDER CURRENT BANKING
AGREEMENTS;  AND  THE  ABILITY  TO  SECURE  AND  MAINTAIN  KEY  CONTRACTS  AND
RELATIONSHIPS.

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